Employment – moving into the slow lane
More signs that the labour market is slackening again. First, the monthly Report on Jobs was published today by the Recruitment and Employment Confederation (the trade body for employment agencies). This shows permanent appointments at their lowest level for a year and temporary appointments at their lowest for eleven months. The REC describes the trend as “starting to flatline”.
And the poor prospects are having an effect on morale and insecurity: a survey by Abbey Legal Protection, found that one third of workers are worried about losing their jobs, this figure rises to 36 per cent of senior managers and 42 per cent of executives without management responsibility. But we’re not quite all in this together: just 5 per cent of Chief Executives share these worries. More CEOs are worried about innuendos being taken the wrong way (9 per cent), stress (11 per cent) and being the subject of a tax investigation (12 per cent [!]).